New member from the Burlington, VT area
Hi all! I am a 31 year old who has wanted to invest in Real Estate for a while and have finally decided to jump in. I am a customer service rep and I want to create a better life for my kids. I want to be able to pay for college for them so they can achieve whatever they can dream up! I would really like to focus my attention on foreclosures before auction so I can feel good about helping others. I feel like there is sooo much to learn! I would also like to learn about wholesaling and short sales. Any advice would be greatly appreciated! Thank you! :)
Most Popular Reply
I believe that if she gets the property under contract with the buyer name as "Autumn and/or her Assigns" then she can assign the contract to another party without acting as a broker. Was this the way she was going about that or was she just hooking up buyers and sellers? I have my real estate license and the State is very strict about what we can and cannot do but I believe that assigning purchase and sale contracts is legal. The downside is that you have to put down a deposit and risk losing that if you can't find a buyer, but I think that is how most Wholesaling is done. I have never wholesaled anything though, and I am definitely not a lawyer, so please consult with one before doing anything.